We're not going to emerge from this and just hit the unpause button. Yes some industries will bounce back quickly, but 9 million people over two weeks losing their jobs is an absolutely massive number, and we haven't hit peak yet.
There's no way they'll just be simply rehired when this is "done".
This will be the news for the next 2 years. India and Africa are only just starting on this journey.
The world's economy and every nation's economic structure will be completely changed.
We're in it now, and no amount of wanting to hit the abort button will change anything. It's a fantasy to assume people will just go back to work, the economy will get better, and everything will return to normal, aside from a hot new opportunity for mass body disposal services.
No, I'm not advocating to abort a quarantine and have people return to work.
>It's a fantasy to assume people will just go back to work, the economy will get better, and everything will return to normal
Agreed. I'm advocating we stop believing in this fantasy and face reality that this is the start of a long term recession.
This is definitely the start of interesting times - we don't know how things are going to look at the end of all this. The best economics times have come on the tail end of adversity.
That can be a long, long time too. The black plague was a boon for workers who survived it since the labor pool was small and consequently wages were higher. Plenty of free land, too. The downside was, you know, the black plague...
The vast majority of those dead are going to be 65+. Maybe I'm just feeling salty this morning, but considering how much that generation has stuck it to my generation I'm not even a little bit interested in trading economic collapse for their lives.
With the exception of health care, aren't they buying that stuff from their own savings? Do we hand out luxury items? Am I saving for my retirement for no reason?
Are the immune compromised also simply drains?
How much wheat does your savings grow? How many pairs of pants does it make?
Either way, you dodged my question about the immune compromised. If you're trying to sanitize this whole thing as simply economic numbers, where those who take should be removed for those who produce, you're forgetting about those people, as well as all the other producers who will die.
Good luck doing that before this is all over.